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Overseas property professionals say UK rate cut is good news
August 4, 2016Article by Chelsea Battle
The Bank of England’s decision to cut interest rates to a historic low of 0.25% has sparked conversation from overseas property figures. Those approached by OPP.Today all believe that the cut in the bank rate and its consequent changed are good news for the sector.
The UK continues to have a severe housing shortfall and demand for new homes is expected to remain strong. Strong demand and an interest rate cut are a great combination for buy-to-let property investors.
In this article Ray Withers, CEO of Property Frontiers, along with other experts comment on what this means for the UK market.